Free invoice generator and tax tools for Zimbabwe

Income tax is charged by ZIMRA at 25% on the taxable income of a company or trust and on an individual's income from trade or investment (Finance Act [Chapter 23:04], section 14(2)(b) and (c)). On top of that sits the AIDS levy of 3% of the income tax you are charged (section 14(7) and (8)). Employees' pay is taxed through PAYE withheld by the employer, and pension contributions go to the National Social Security Authority (NSSA), which publishes a monthly ceiling on the earnings that count. The ceiling in S.I. 99 of 2024 is US$700 a month, payable in ZiG at the official interbank rate.

Very small and informal operators can fall under presumptive tax instead of a profit-based return: a fixed monthly amount for a taxi, a hairdressing chair, a restaurant or bottle store, or a percentage for informal traders and cross-border traders. VAT is separate and only applies once you are registered; it is covered on its own page.

The most recent reform is the Finance Act (No. 7) of 2025, in force from 1 January 2026. Section 8 lowered the intermediated money transfer tax (IMTT) on local-currency transactions to 1.5%. Section 7 took the larger bus, goods-vehicle and boat operators out of presumptive tax and made them file self-assessment returns. Section 11 added a presumptive rental income tax of 15% of each dollar of rental, aimed at proprietors who rent land or premises to tenants on presumptive tax.

Zimbabwe's simplified regime is presumptive tax under section 22C of the Finance Act [Chapter 23:04]. It does not depend on turnover. It depends on what the trade is, and the tax is a fixed amount or a rate. As the consolidated Act reads, a taxi pays US$100 a month, a minibus of 8 to 14 seats US$150 and one of 15 to 24 seats US$175, a hairdressing salon US$300 per chair per month, a restaurant or bottle store US$300 a month, a cottage-industry operator US$300 a month, and a driving school US$300 or US$600 a month depending on the vehicle classes taught. Informal traders pay 10% of their monthly rentals, and informal cross-border traders 20% of the customs value of the goods they import. These amounts are the ones printed in the ZIMRA consolidation, which lists amendments only up to Act 13 of 2023, so check the current figure with ZIMRA before you rely on it. From the 2026 year of assessment, larger omnibus, goods-vehicle and waterborne-vessel operators are no longer in the regime (Finance Act (No. 7) of 2025, section 7).